๐ ๐๐ฟ๐ถ๐ฒ๐ณ ๐๐ถ๐๐๐ผ๐ฟ๐ ๐ผ๐ณ ๐๐ฎ๐ฟ๐ฏ๐ผ๐ป ๐ฅ๐ฒ๐บ๐ผ๐๐ฎ๐น ๐ฃ๐ผ๐น๐ถ๐ฐ๐ (โฆ๐ฆ๐ผ ๐๐ฎ๐ฟ)
As explored in the latest episode of The Carbon Removal Show
Carbon dioxide removal (CDR) policy might feel like something weโve all just started talking about - but itโs on a journey thatโs been unfolding for a while. The first episode in The Carbon Removal Showโs policy deep dive explores how we arrived at this policy landscape and what we even mean by CDR policy. Three things are for sure: policy is complicated, policy is an essential lever in growing this industry, and we couldnโt put off exploring it any longer. This mini-series has been a long time coming, and weโre excited to share it with you. Part 1: OUT NOW! Parts 2 & 3: coming soon!
To whet your appetite for Part 1, here's a timeline of some pivotal moments that have shaped CDR's position in global climate policy and governance, so far:
๐ ๐ญ๐ต๐ด๐ด - ๐๐๐๐ฎ๐ฏ๐น๐ถ๐๐ต๐บ๐ฒ๐ป๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐๐ฃ๐๐
The Intergovernmental Panel on Climate Change is founded to assess scientific information related to climate change, laying the groundwork for future discussions on mitigation.
๐ ๐ญ๐ต๐ต๐ฎ - ๐จ๐ก๐๐๐๐ ๐ฆ๐ถ๐ด๐ป๐ฒ๐ฑ
The United Nations Framework Convention on Climate Change (UNFCCC) is adopted, setting the stage for international cooperation on climate action.
๐ฒ ๐ญ๐ต๐ต๐ณ - ๐ง๐ต๐ฒ ๐๐๐ผ๐๐ผ ๐ฃ๐ฟ๐ผ๐๐ผ๐ฐ๐ผ๐น ๐๐ป๐๐ฟ๐ผ๐ฑ๐๐ฐ๐ฒ๐ "๐ฅ๐ฒ๐บ๐ผ๐๐ฎ๐น ๐จ๐ป๐ถ๐๐"
The Kyoto Protocol incorporates land-use, land-use change, and forestry (LULUCF) activities, allowing for "removal units" through afforestation and reforestation projects, marking CDR's initial appearance in international climate policy.
๐ ๐ฎ๐ฌ๐ฌ๐ณ - ๐๐ฃ๐๐ ๐๐ฅ๐ฐ ๐๐ถ๐๐ฐ๐๐๐๐ฒ๐ ๐๐ฒ๐ผ๐ฒ๐ป๐ด๐ถ๐ป๐ฒ๐ฒ๐ฟ๐ถ๐ป๐ด
The IPCC's Fourth Assessment Report includes discussions on geoengineering techniques, such as ocean fertilization.
๐ซ๏ธ ๐ฎ๐ฌ๐ญ๐ฐ - ๐๐ฃ๐๐ ๐๐ฅ๐ฑ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐ ๐๐๐๐๐ฆ
The Fifth Assessment Report identifies Bioenergy with Carbon Capture and Storage (BECCS) as a potential negative emissions technology, integrating it into mitigation scenarios aimed at limiting global warming.
๐ฏ ๐ฎ๐ฌ๐ญ๐ฑ - ๐ฃ๐ฎ๐ฟ๐ถ๐ ๐๐ด๐ฟ๐ฒ๐ฒ๐บ๐ฒ๐ป๐ ๐ฆ๐ฒ๐๐ ๐ก๐ฒ๐ ๐ญ๐ฒ๐ฟ๐ผ ๐๐ผ๐ฎ๐น๐
The Paris Agreement establishes the objective of achieving a balance between anthropogenic emissions and removals, implicitly recognising the role of CDR in meeting long-term climate targets.
๐จ ๐ฎ๐ฌ๐ญ๐ด - ๐๐ฃ๐๐ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ฎ๐น ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ผ๐ป ๐ญ.๐ฑยฐ๐ ๐๐บ๐ฝ๐ต๐ฎ๐๐ถ๐๐ฒ๐ ๐๐๐ฅ
The Special Report on Global Warming of 1.5ยฐC underscores that all pathways limiting warming to 1.5ยฐC require some form of CDR.
๐ ๐ฎ๐ฌ๐ฎ๐ฎ - ๐๐ฃ๐๐ ๐๐ฅ๐ฒ ๐๐ผ๐ฟ๐บ๐ฎ๐น๐ถ๐๐ฒ๐ ๐๐๐ฅ'๐ ๐ฅ๐ผ๐น๐ฒ
The Sixth Assessment Report explicitly defines CDR and states that its deployment is "unavoidable" to achieve net-zero COโ or greenhouse gas emissions.
๐ก๏ธ ๐ง๐ผ๐ฑ๐ฎ๐ - ๐๐๐ฅ ๐๐ฎ๐ถ๐ป๐ถ๐ป๐ด ๐ฃ๐ผ๐น๐ถ๐ฐ๐ ๐ง๐ฟ๐ฎ๐ฐ๐๐ถ๐ผ๐ป
Some countries and regions are beginning to integrate CDR into their climate strategies, with policies like the U.S. 45Q tax credit and the EU's CRCF reflecting growing political interest in scaling CDR. However, global coordination and standardised accounting methods are still evolving. Watch this space.
๐ง Listen to our latest episode, 'CDR Policy Deep Dive - Part 1: From Kyoto to Carbon Removal', wherever you get your podcasts ๐ง
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